Sei Price Prediction for Today, April 12 – SEI Technical Analysis

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Sei Price Prediction for Today, April 12 – Sei Technical Analysis
Sei Price Prediction for Today, April 12 – Sei Technical Analysis

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The Sei price prediction shows that SEI maintains a modest recovery, currently trading around the $0.169 resistance level.

Sei Prediction Data:

  • Sei price now – $0.169
  • Sei market cap – $826.11 million
  • Sei circulating supply – 4.88 billion
  • Sei total supply – 10 billion
  • Sei Coinmarketcap ranking – #71

Getting in early on crypto projects can often be the key to maximizing returns, and SEI is a great example of why timing matters. Since its all-time low of just $0.007989 on August 15, 2023, SEI has surged by an astonishing 1997.54%, showcasing the massive growth potential that early adopters can benefit from. Even with the current price range between $0.1523 and $0.1677 in the past 24 hours, SEI has delivered significant returns for those who believed in the project from the start.

SEI/USD Market

Key Levels:

Resistance levels: $0.25, $0.27, $0.29

Support levels: $0.08, $0.06, $0.04

Sei Price Prediction for Today, April 12 – SEI Technical Analysis
SEIUSD – Daily Chart

SEI/USD is showing a mild bullish reversal after a prolonged downtrend, with the price bouncing off the lower boundary of the descending channel. The recent upside push reflects an encouraging change in sentiment, especially as SEI moves above the 9-day and 21-day moving averages. This technical formation suggests buyers are gradually returning, with eyes set on the upper resistance levels if momentum persists.

Sei Price Prediction: Will Bulls Sustain the Momentum or Face Resistance?

Currently, SEI is positioned to challenge the channel’s upper boundary. A confirmed break above this resistance could see the price targeting $0.25, $0.27, and possibly $0.29 in the near term. This bullish setup is further supported by improving volume and a more stable market outlook, increasing the probability of a sustained rally.

SEI Coin Price Prediction: Is a Massive Breakout Coming?

However, traders should remain cautious as failure to break above the trendline resistance may trigger another wave of selling. If this happens, SEI could retreat toward the support levels of $0.08, $0.06, or even $0.04. While the recent candles show strength, the overall trend will depend on whether SEI can maintain upward pressure and attract continued buying interest above critical technical zones.

SEI/BTC Faces Downtrend Resistance but Shows Recovery Signs

The daily SEI/BTC chart illustrates a prolonged bearish trend contained within a descending channel. For months, the price has consistently traded below both the 9-day and 21-day simple moving averages (SMAs), indicating persistent selling pressure. However, the current price action around 0203 SAT suggests a potential attempt at recovery as it challenges the upper boundary of this descending structure. Notably, a strong bullish candle has emerged, showing a significant daily gain, with increased volume indicating renewed trader interest. This momentum has brought the price close to the 21-day MA, hinting at a possible trend shift if the bulls manage to break and sustain above this level.

Sei Price Prediction for Today, April 12 – SEI Technical Analysis
SEIBTC – Daily Chart

Despite this bullish reaction, the SEI/BTC pair still faces stiff resistance around the 0300 SAT level. For a confirmed breakout, the price must clear both the moving averages and establish a higher high outside the descending channel. If this breakout fails, the pair may resume its downtrend and test the lower boundary of the channel near the 0100 SAT support zone. Traders should watch closely for rejection or consolidation near the current level (0203 SAT), as this will dictate the next major move — either a bullish reversal or continuation of the broader bearish trend.

Meanwhile, @mohamedgsewid shared on X (formerly Twitter) that #SEI has been in a downward trend since peaking in March 2024, forming a possible wave (2) zigzag correction. He noted that the recent bounce from a key Fibonacci cluster could signal a significant bottom, with confirmation of a bullish move if the price surpasses $0.735, while a drop below $0.095 would invalidate this outlook.

Sei Alternatives

Sei (SEI) is currently showing signs of bullish momentum as it nears a crucial resistance level along the upper boundary of its channel. A successful breakout here could signal continued upward movement, supported by rising trading volume and positive market sentiment. Additionally, Sei (SEI) coin can be purchased on the Best Wallet platform. Nevertheless, Best Wallet, currently in its presale phase, has raised $11.6 million and offers a fully functional wallet application with a wide array of features. It enables investments using Ethereum, Tether, and popular meme coins like Shiba Inu, Pepe, and Dogecoin, while also supporting high-yield staking. With increasing user adoption and practical utility, Best Wallet is emerging as a promising long-term project.

New Best Wallet Coin To Buy Now

Best Wallet allows investors to use Ethereum, Tether, and popular meme coins like Shiba Inu, Dogecoin, and Pepe to purchase its token, creating real-world use cases for these assets. It also supports buying major cryptocurrencies like Bitcoin, adding extra convenience for users. With high-yield staking and a growing user base, Best Wallet is positioning itself as a versatile all-in-one platform within the DeFi space. As the crypto market continues to rise, now is an ideal time to invest in a utility token backed by an active product and increasing user participation.

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